GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
What GAO Found In April 2019, GAO identified 2 priority recommendations for the Federal Deposit Insurance Corporation (FDIC). Since then, FDIC has implemented none of those recommendations. In April 2020, GAO identified 1 additional priority recommendation for FDIC, bringing the total number to 3.
What GAO Found In April 2019, GAO identified 10 priority recommendations for the Board of Governors of the Federal Reserve System (Federal Reserve). Since then, the Federal Reserve has implemented 3 of those recommendations.
What GAO Found Of the 37 recommendations made to the agencies under this mandate, the agencies have taken actions to implement 32, and some agencies have not taken actions to fully implement five recommendations, as of October 15, 2019.
What GAO Found Federal financial regulators reported conducting the required regulatory analyses for rules issued pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) as part of the rulemaking process.
What GAO FoundFederal agencies conducted the regulatory analyses required by various federal statutes for all 54 regulations issued pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) that GAO reviewed.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) requires or authorizes various federal financial regulators to issue hundreds of rules to implement reforms intended to strengthen the financial services industry.
The Pension Benefit Guaranty Corporation's (PBGC) single-employer insurance program insures the pension benefits of over 34 million participants in almost 29,000 private sector defined benefit pension plans.
Pursuant to a congressional request, GAO provided information on selected financial services institutions, focusing on: (1) the potential financial exposure faced by the federal government as a result of financial services institutions sponsored, in whole or in part, by the federal government; (2) the...
Pursuant to a congressional request, GAO discussed the progress being made by the Federal Deposit Insurance Corporation (FDIC) in ensuring that the thousands of banks it oversees are ready to handle the year 2000 computer conversion challenge.